Booming Automobile Sector Boosts Expansion Avenues for Webbing Manufacturers, Webbing Market to Grow at 6% CAGR during 2019-2027: TMR

Booming Automobile Sector Boosts Expansion Avenues for Webbing Manufacturers, Webbing Market to Grow at 6% CAGR during 2019-2027: TMR

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ALBANY, N.Y, Oct. 8, 2020

- The global webbing market is predicted to reach the valuation of ~US$ 1.2 Bn by 2027. This indicates that the market will expand at 6% CAGR during 2019–2027.

- On regional front, Asia Pacific is expected to maintain its dominant position during assessment period, with China as leading country in this region.

ALBANY, N.Y, Oct. 8, 2020 /PRNewswire/ -- Webbing refers to sturdy fabric woven in a flat stripor tube form. This fabric is manufactured using a wide range of materials such as polypropylene, nylon, para-aramid synthetic fibers, ultra-high-molecular-weight polyethylene, carbon fibers, polyester, jute, or cotton. Depending on the material used in the manufacturing, webbing holds a wide variety of applications in several industries right from automotive parts to military apparel.

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Analysts at TMR emphasize that the global webbing market is likely to grow at a CAGR of approximately 6% during assessment period of 2019 to 2027.The list of key factors that influence positively on the market growth includes increased number of technical textiles, advancement in the loom textile technology, and booming automotive industry.

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Key Findings of Webbing Market Report

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Webbing Market: Key Driving Factors and Promising Avenues

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Webbing Market: Competitive Assessment

The global webbing market experiences intense level of competition among its players. Important factor attributed to this scenario is the presence of notable number of small as well as medium-sized regional enterprises working in it.

Major players in the webbing market are growing focus on incorporation of technological advancements. At the same time, several players are concentrating on their business expansion in new geographies. All these activities paint the picture of prodigious growth for the global webbing market during assessment period.

The list of important companies working in the webbing market includes Murdock Webbing Company, Inc., Bally Ribbon Mills, American Cord & Webbing Co., Inc, Southern Weaving, LLC, Universal Webbing Products Co., Ltd, Sturges Manufacturing Company, Webbing Products Pty Ltd, and National Webbing Products Co. (NWP).

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The Webbing Market can be segmented as follows:

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Industrial Non-woven Materials Market - In terms of technology used, the global industrial non-woven materials market has been segmented into spun-laid, dry-laid, wet-laid, and others. The spun-laid technology segment can be sub-divided into spun-bound, spun-melt-spun, and melt-blown. The dry-laid technology segment can be sub-segmented into needle-punched, spun-lace, thermal-bonded, air-laid, and carded. Based on material type, the industrial non-woven materials market has been segregated into polypropylene, polyethylene, polyester, nylon, polyurethane, and rayon. In terms of end-user industry, the industrial non-woven materials market has been classified into automotive, building & construction, manufacturing & industrial, electronics, insulation, footwear, personal care, packaging, and others.

Biodegradable Superabsorbent Materials Market - Biodegradable superabsorbent materials are considered to be ideal for power utility companies. The global biodegradable superabsorbent materials market can be segmented based on product, application, and region. In terms of product, the biodegradable superabsorbent materials market can be segmented into polyvinyl alcohol, polysaccharides, polyitaconic acid, and polypeptide. Based on application, the biodegradable superabsorbent materials market can be divided into baby diapers, disposable diapers, feminine hygiene, agriculture, medical, and others. Biodegradable superabsorbent materials help increase crop water holding capacity, improves water use and efficiency, enhances soil permeability, reduces irrigation frequency & compaction tendency, stopping water & run-off erosion in the agriculture sector.

Decorative Glass Market - In terms of value, the global decorative glass market is anticipated to expand at a CAGR of ~5% from 2020 to 2030. Decorative glass is often used in interiors of hotels, restaurants, and homes. Decorative glass is also employed in decorative floors, fountains & waterfalls, walls, glass skylights, suspended glass ceilings, decorative windows, and glass dividers. The application of decorative glass in the residential sector helps create a comfortable and safe living space. Thus, decorative glass is often used to cut down on heat and glare, filter out external noise, increase natural lighting, provide security, or improve décor. It is employed in various residential applications, including doors, windows, partitions, shelves, cabinets, staircases, and balconies.

Magnesium Derivatives Market - The global magnesium derivatives market was valued at ~US$ 38 Bn in 2019 and is anticipated to expand at a CAGR of 5%, in terms of value, from 2020 to 2030. Magnesium derivatives are extensively used in agriculture, pharmaceutical, chemical, and construction applications due to their unique combination of characteristics. For instance, magnesium oxide is primarily used as an excellent source of magnesium in fertilizers to decrease the magnesium deficiency of soil. This enhances the yield and nutritional value of the soil. Magnesium hydroxide is also used in the manufacture of flame retardants, as it is economical and environment-friendly.

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